The Canadian Nuclear Safety Commission (CNSC) has completed the first phase of a pre-licensing vendor design review of Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) nuclear power plant design.
The review has verified that the design meets the basic requirements for a nuclear power plant in Canada. However, the evaluation does not certify or licence the reactor.
Terrestrial Energy CEO Simon Irish said: “The IMSR nuclear power plant is a transformative energy technology that is now one step closer to making a major contribution to the world’s growing demand for low-cost, clean and reliable energy.”
To commercialise an advanced reactor power plant design that includes IMSR, the design has to go through various activities at its early stage of development, including regulatory and industrial engagement, as well as site selection and government support.
Irish further added: “International energy agencies recognise that intermittent renewables such as wind and solar alone cannot meet all the demands of a global clean energy system and agree that nuclear energy will play a critical role in meeting our future energy needs.
“Advanced reactors offer a new and transformative set of nuclear technologies that are zero-emission, have far greater industrial application, and make nuclear power plants more economical and easier to finance.”
Apart from the latest regulatory assessment, Terrestrial Energy is currently studying the feasibility of various sites in North America, including Canadian Nuclear Laboratories at Chalk River and a commercial IMSR plant in Ontario.